LFG bought $231 million in bitcoin the day prior, but this appears to be the first time LFG is buying into another cryptocurrency.
The post Luna Foundation Guard buys $100 million in AVAX tokens for stablecoin reserve appeared first on The Block.
Quick Take
- Crabada is a play-and-earn idle game that is currently running on the Avalanche C-chain and is in the process of migrating to its own subnet, Swimmer Network.
- Crabada uses a three-token model to shape its game ecosystem, leveraging tokenized loyalty point system to attract and retain its base players.
- With the introduction of the Swimmer Network, the Crabada community can gain greater control over the game economy and help foster a more sustainable game economy.
Robinhood’s crypto arm is teeing up support for bitcoin’s Lightning network.
The post Robinhood widens user access for crypto wallet transfers, unveils plan to support Lightning payments for bitcoin appeared first on The Block.
Polygon is creating another blockchain solution for scalability — one that will seek to verify data for other blockchains.
The post Polygon releases testnet plans for a new scalability-focused blockchain called Avail appeared first on The Block.
ARK Invest’s Cathie Wood and MicroStrategy’s Michael Saylor chatted bitcoin, regulation and more during a conversation at Bitcoin 2022 in Miami.
The post MicroStrategy’s Saylor and ARK Invest’s Wood aren’t worried about bitcoin and regulation appeared first on The Block.
The plan could see Frax buying up coins in proportion to the supply of its stablecoin on their respective blockchains.
The post Frax Finance may buy large amounts of major cryptos to back its stablecoin appeared first on The Block.
The Treasury has staked out its vision for crypto policy, sort of.
The post Treasury Secretary Yellen lays out principles for cryptocurrency regulation appeared first on The Block.
Quick Take
- According to Dealroom, fintech funding has raised $8.3 billion last month, compared to $12.2 billion in January 2022.
- In March, Cross River Bank and Acorns scored some of the biggest rounds, raising $620 million and $300 million respectively.
Quick Take
- In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
- Ethereum and Avalanche are nearing critical stages of development in their scaling roadmaps
- Terra’s UST continues its spread across multiple chains while incentives on Fantom are beginning to fuel a new chapter for the ecosystem
Payments app Cash App, operated by Block, is enabling customers to receive their compensation in bitcoin.
The post Cash App now lets users automatically convert paychecks to bitcoin, expands Lightning network support appeared first on The Block.
